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Corning (GLW) Stock Price, News & Analysis

$42.85
+0.04 (+0.09%)
(As of 07/26/2024 ET)
Today's Range
$42.62
$43.25
50-Day Range
$35.54
$46.20
52-Week Range
$25.26
$46.39
Volume
7.32 million shs
Average Volume
9.23 million shs
Market Capitalization
$36.71 billion
P/E Ratio
60.35
Dividend Yield
2.61%
Price Target
$43.38

Corning MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.2% Upside
$43.38 Price Target
Short Interest
Healthy
2.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.55mentions of Corning in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$5.88 M Sold Last Quarter
Proj. Earnings Growth
18.56%
From $1.94 to $2.30 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.14 out of 5 stars

Computer And Technology Sector

158th out of 612 stocks

Nonferrous Wiredrawing & Insulating Industry

2nd out of 2 stocks

GLW stock logo

About Corning Stock (NYSE:GLW)

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. The company's Specialty Materials segment manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for various markets comprising mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Its Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Pyrex, Falcon, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

GLW Stock Price History

GLW Stock News Headlines

MarketBeat Week in Review – 7/8 - 7/12 (GLW)
Stocks took investors on quite a ride this week, with the S&P 500 hitting a new record high, then falling back on Thursday before rallying to end the week
close up of hands with transparent tablet pc computer having video conference with group of people, colleagues or friends on black background
AI Boosts Glass Tech Leader Stock: Shares Up 75% and More to Come
Corning Incorporated NYSE: GLW is a $38 billion business specializing in glass and ceramic-related technology. Its products are used in everything from flat-screen TVs, smartphones, and sensitive sensors for drug research, which might not seem that exciting, but don't be put off.
Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
close up of hands with transparent tablet pc computer having video conference with group of people, colleagues or friends on black background
AI Boosts Glass Tech Leader Stock: Shares Up 75% and More to Come (GLW)
While Corning shares had been cooling somewhat into the first week of July, Monday's update was enough to get them fired up again.
Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
Corning (GLW) Paid off in Q2
Corning (GLW) Scheduled to Post Quarterly Earnings on Tuesday
Corning (NYSE:GLW) Releases Q2 2024 Earnings Guidance
Check Out What Whales Are Doing With GLW
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Ex-Dividend for 6/27 Dividend
5/31/2024
Dividend Payable
6/27/2024
Today
7/26/2024
Next Earnings (Confirmed)
7/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nonferrous wiredrawing & insulating
Sub-Industry
Electronic Components
CUSIP
21935010
Employees
49,800
Year Founded
1851

Price Target and Rating

Average Stock Price Target
$43.38
High Stock Price Target
$51.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+1.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
14 Analysts

Profitability

Net Income
$581 million
Pretax Margin
7.14%

Debt

Sales & Book Value

Annual Sales
$12.59 billion
Cash Flow
$3.24 per share
Book Value
$13.91 per share

Miscellaneous

Free Float
853,193,000
Market Cap
$36.71 billion
Optionable
Optionable
Beta
1.05

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Should I Buy Corning Stock? GLW Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Corning Incorporated:

  • Corning's stock has been upgraded by reputable financial institutions, indicating positive growth potential.
  • Insider transactions show confidence in the company's future, with executives holding significant shares.
  • Recent hedge fund activity suggests institutional investors are optimistic about Corning's performance.
  • Positive analyst ratings and price target increases reflect a favorable outlook on the company's trajectory.
  • Corning's diversified business segments provide resilience and potential for growth across various industries.

Cons

Investors should be bearish about investing in Corning Incorporated for these reasons:

  • Despite recent positive developments, market volatility can impact the stock price unpredictably.
  • High insider selling activity in the past three months may raise concerns about future performance.
  • Competitive pressures in the display technologies and optical communications sectors could affect Corning's market share.
  • Uncertainties in global economic conditions may influence demand for Corning's products and services.
  • Fluctuations in raw material costs could impact Corning's profitability and margins.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Corning pros and cons to contact@marketbeat.com.

GLW Stock Analysis - Frequently Asked Questions

How have GLW shares performed this year?

Corning's stock was trading at $30.45 on January 1st, 2024. Since then, GLW shares have increased by 40.7% and is now trading at $42.85.
View the best growth stocks for 2024 here
.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) posted its earnings results on Tuesday, April, 30th. The electronics maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. Corning's quarterly revenue was down 11.5% on a year-over-year basis.
Read the conference call transcript
.

What is Wendell P. Weeks' approval rating as Corning's CEO?

413 employees have rated Corning Chief Executive Officer Wendell P. Weeks on Glassdoor.com. Wendell P. Weeks has an approval rating of 79% among the company's employees.

Does Corning have any subsidiaries?

The following companies are subsidiaries of Corning: 3M Communication - Markets Division, SpiderCloud Wireless, STRAN Technologies, Alliance Fiber Optic Products Inc., Gerresheimer AG, iBwave Solutions Inc., Discovery Labware Inc., and more.

Who are Corning's major shareholders?

Top institutional shareholders of Corning include Bank of New York Mellon Corp (0.83%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Raymond James & Associates (0.19%) and Wealth Enhancement Advisory Services LLC (0.14%). Insiders that own company stock include Wendell P Weeks, Lawrence D Mcrae, Cheryl C Capps, Cheryl C Capps, Martin J Curran, Clark S Kinlin, Jeffrey W Evenson, Lewis A Steverson, Robert P France, John P Bayne Jr, John Z Zhang, Anne Mullins, Li Fang and Michael Alan Bell.
View institutional ownership trends
.

How do I buy shares of Corning?

Shares of GLW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Corning own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Corning investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Micron Technology (MU) and Advanced Micro Devices (AMD).

This page (NYSE:GLW) was last updated on 7/27/2024 by MarketBeat.com Staff

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